Dubai Lender ENBD's Q1 Profit Beats Forecasts
Emirates NBD reported a forecast-beating first-quarter net profit as a near 50-percent rise in non-interest income and lower impairments boosted profitability.
April 25, 2012 2:48
Mashreq Bank Q1 Net Profit Up 2 Percent
Mashreq bank posted a 2 percent rise in first-quarter earnings, as a fall in provisions outweighed lower total income. Net profit increased to 271 million dirhams ($73.8 million) in the period, up from 265.3 million dirhams a year earlier, a bank statement said.
April 25, 2012 10:39
First Gulf Bank Q1 Net Up 7 Percent
The bank made a net profit of 935 million dirhams ($ 254.7 million) in the three months to March 31, up from 875.28 million dirhams in the prior-year period, FGB said in a statement on Monday
April 23, 2012 4:18
Cash under the mattress: a new chapter for regional banks
Everyone’s got a theory about where best to keep money. And even though banks used to be the go-to alternative, its future remains uncertain. That is, if they don’t change.
March 25, 2012 3:55
Enjoy the good times while it lasts, says investment chief
Emirates NBD’s investment chief Gary Dugan takes a positive tactical view of equities but remains wary of political risk in the Euro zone. He shares his thoughts on gold, government bonds and the US economy.
March 21, 2012 3:18
Dubai’s Emirates NBD eyes 5-year benchmark dollar bond
Emirates NBD, Dubai's largest lender by market value, has picked banks to arrange a new five-year dollar bond which could price as early as Wednesday, lead managers said on Wednesday.
March 21, 2012 2:04
Abu Dhabi’s NBAD prices 5-year $750M bond
National Bank of Abu Dhabi , the largest lender by market value in the UAE, priced a $750 million 5-year bond late on Monday, with a yield of 3.304 percent.
March 20, 2012 11:05
StanChart seeks nod for Saudi licence
Standard Chartered has sought a full commercial banking licence from the Saudi central bank as the UK lender aims to plug the biggest gap in its growing Gulf Arab business, two sources familiar with the matter said on Sunday.
March 12, 2012 1:53
MidEast sukuk issuance seen over $14B in 2012 – HSBC
The issuance of Islamic bond, or sukuk, in the Middle East could reach over $14 billion this year, according to HSBC, as investor demand and the relatively lower volatility of the asset class drive sales.
March 7, 2012 2:02
UAE’s NBAD eyes regional mandates
National Bank of Abu Dhabi, the largest lender by market value in the United Arab Emirates, is set to take on regional mandates to add to its home-market advantage, the head of the bank's debt capital markets team said.
March 7, 2012 1:30
RBS ends MidEast equity research tie-up with Dubai's Rasmala
Royal Bank of Scotland has ended a tie-up with Dubai's Rasmala Investment Bank to provide equity research on Middle Eastern companies, the part-nationalised U.K. lender said on Sunday.
March 4, 2012 11:25RBS ends MidEast equity research tie-up with Dubai’s Rasmala
Royal Bank of Scotland has ended a tie-up with Dubai's Rasmala Investment Bank to provide equity research on Middle Eastern companies, the part-nationalised U.K. lender said on Sunday.
March 4, 2012 11:25
Bahrain's Al Baraka eyes more growth in Asia Pacific
Bahraini Islamic lender Al Baraka Banking Group aims for 15-percent growth in net profit this year and plans to buy a 75-percent stake in an unlisted Indonesian bank as part of its global expansion plan.
March 4, 2012 11:17Bahrain’s Al Baraka eyes more growth in Asia Pacific
Bahraini Islamic lender Al Baraka Banking Group aims for 15-percent growth in net profit this year and plans to buy a 75-percent stake in an unlisted Indonesian bank as part of its global expansion plan.
March 4, 2012 11:17
Bahrain’s Gulf Finance House swings to small profit in 2011
Bahrain's Gulf Finance House swung to a full-year profit in 2011 as the troubled sharia-compliant investment firm said its restructuring plan, which included significant cost-cutting, helped reverse its fortunes.
March 1, 2012 1:48- Blog
UAE women encouraged and discouraged to become athletic.
People like to say the UAE is a country rife with contradictions-but the point couldn’t be better illustrated by two articles in the local press this week.
May 21, 2012 3:47 0Scammers in the UAE?
Times are a-changing; the safe UAE Kipp grew up in, is changing too. Be cautious of fraudsters and always be careful with your credit card...
May 20, 2012 4:09 0 - Readers' Comments
BREAKING NEWS: Revamped Kippreport.com slicker, sweeter and super efficient
Great work to everyone who worked on the project :)
May 20, 2012 11:21In Pictures: The tallest cities in the Arab world
Thanks for changing it. Thumbs up :)
May 13, 2012 8:25 - Editor's Choice
Flying Shoppers: Dubai hopes airline passengers could ease its debt burden
With its bank credit scarce, Dubai is planning to raise at least $500 million by issuing bonds secured against future revenues of Dubai Duty Free. Will shopping save the day?
March 6, 2012 2:18 1‘Dr Doom’ says buy precious metals as Iran-Israel clash ‘inevitable’
"If you can't live with volatility, stay in bed," says 66-year old economist Marc Faber, who cautions people to secure wealth by buying precious metals and investment equities.
March 6, 2012 1:42 1 - Latest Features
The World’s Most Expensive and Exclusive Eyewear
As the world’s most expensive glasses will be launched this Sunday, Kipp takes a look at some of the most expensive and exclusive eyewear.
May 10, 2012 4:21 0What to get your Mum this Mother’s Day?
Mother’s day is around the corner and if shopping for gifts just isn’t your thing, take a look at Kipp’s top six gift ideas for Mother’s Day…
May 9, 2012 4:37 0
Dubai Municipality launches well-intentioned but weirdly executed awareness campaign.
So how exactly is the Municipality executing this campaign? A series of lectures, workshops, film screenings, awareness drive and, wait for it, taxi drivers.
May 21, 2012 3:53
‘Affordable’ property on the Palm? Oh! How the mighty have fallen...
Benevolent master developer to cater for those ‘less-well-heeded,’ with affordable studios at the Palm Views East and West.
May 21, 2012 3:44
UAE women encouraged and discouraged to become athletic.
People like to say the UAE is a country rife with contradictions-but the point couldn’t be better illustrated by two articles in the local press this week.
May 21, 2012 3:47
Scammers in the UAE?
Times are a-changing; the safe UAE Kipp grew up in, is changing too. Be cautious of fraudsters and always be careful with your credit card...
May 20, 2012 4:09